Eric Schmidt will sell nearly half his Google stock for an estimated $2.51B

He will be taxed only at 15% assuming long term capital gains, right, which is a lower rate than what ppl on this board would typically pay on their income? Can someone work out what his total tax burden would be on the $2.5B? Come Monday, I need remind myself to ask my boss if I could opt to get paid in stock options instead of cash.... then again I couldn't survive on a $1 yearly salary, so there goes that.

re: Eric Schmidt will sell nearly half his Google stock for an estimated $2.51B(Posted by C on 2/9/13 at 5:51 am to rickgrimes)

Wouldn't giving you stocks be just like regular income? He is paying capital gains because he already paid taxes on the money he used to invest in google. And google has been paying taxes for quite a while now on their earnings so the 15% is a bit misleading... But I figure the post is more about jealousy and fairness and not really suited for the money talk lard. Probably the OT or politely would garner better conversation.